Cravath Helps IBM Nab Cloud-Based DemandTec For $440M
The deal will boost IBM's roster of commerce services aimed at retailers and manufacturing by adding cloud-based price and marketing management software, the company said. IBM has agreed to pay $13.20 per share for DemandTec — a 57 percent premium over Wednesday's closing price of $8.43.
Armonk, N.Y.-based IBM sees a $20 billion opportunity when it...
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